Specialty Caterer in High-End Travel Industry

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Call Us:

Brea: (714) 987-6147
Eugene: 650-787-2512
Fresno: (800) 622-0192
Long Beach: (714) 987-6147
Los Angeles: (714) 987-6147
Monterey: (831) 372-5888
Pasadena: (714) 987-6147
Pleasant Hill: (925) 609-9100
Rancho Mirage: 800-622-0192
Reno: (775) 825-3948
Sacramento: (916) 678-6777
San Francisco: (415) 227-4411
San Jose: (408) 246-1102
Seattle: 425-957-6180
Stockton: (800) 622-0192

Category:
SF1092 - Catering

Location:
Northern California - Northern California

Specialty Caterer in High-End Travel Industry

Business Description:

This well established SPECIALTY caterer has been providing quality meals to the high-end travel industry for over 15 years. The sector they operate in has a uniquely high barrier to entry. This is NOT a traditional events caterer; Does not do weddings or events. Sticky blue chip clientele with no client concentration. Pre-approved for 75% SBA financing, plus Owner financing $200,000. SDE in 2017 is $486k with $1.8M in sales. Key employees handle the day to day operations allowing the owner to step back into a more strategic planning role. In addition to the retention of key employees, the owner is willing to stay on for an extended training/transition period to ensure a successful change of ownership. The business model can be duplicated in similar geographic/demographic areas for future growth and expansion. The company is ripe for acquisition by existing industry operator, or passionate individual with professional sales and management background. Listing ID: SF1092


Asking Price: $1,600,000


Real Property Available:
No

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Recast Earnings (Not Verified by Business Team)

Trailing 12 Months

6/30/2018

$1,838,478
(Sales)

$440,738
(Adjusted Cash Flow)

12 Months Ended

12/31/2017

$1,816,963
(Sales)

$486,558
(Adjusted Cash Flow)

12 Months Ended

12/31/2016

$1,650,224
(Sales)

$351,259
(Adjusted Cash Flow)

12 Months Ended

12/31/2015

$1,379,798
(Sales)

$232,922
(Adjusted Cash Flow)

Operations

# of Employees Full Time Part Time
Non-Owners 18 0
Owners 1 0

Hours of Operation
Monday - Sunday, 6:00am - 11:00pm

Licenses Required:

  • Health
  • FDA
  • Sellers Permit

Lease

Monthly Rent Including NNN:
$3,766

Expires:
5/31/20

Option:
For 5 years

Size(sq.ft.):
1,300

Miscellaneous

Type of Organization:
S Corp

Reason for Sale:
Retirement

Training:
4 weeks 20 hours

Contact us About this Listing

Your Name
*Your E-Mail Address (Required)
Your Telephone
Business Team Office Nearest You

Call Us:

Brea: (714) 987-6147
Eugene: 650-787-2512
Fresno: (800) 622-0192
Long Beach: (714) 987-6147
Los Angeles: (714) 987-6147
Monterey: (831) 372-5888
Pasadena: (714) 987-6147
Pleasant Hill: (925) 609-9100
Rancho Mirage: 800-622-0192
Reno: (775) 825-3948
Sacramento: (916) 678-6777
San Francisco: (415) 227-4411
San Jose: (408) 246-1102
Seattle: 425-957-6180
Stockton: (800) 622-0192

Disclaimer: The information provided herein is compiled from information provided by the seller(s). Business Team (CA BRE 01160661) makes no representation as to its accuracy or reliability. Prospective buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.